NYSE · Financial Statements

Dover Corporation (DOV) Financial Statements

$199.20 NYSE: DOV Market Cap $26.83B

Dover Corporation most recently reported annual revenue of $8.1B, net profit of $1.1B. Revenue grew at an average annual rate of 3.9% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Dover Corporation: Revenue rose from $6.0B in 2016 to $8.1B in 2025, a change of +33.9% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 11.7% to 17.0%, a shift of +5.2 percentage points; the most recent year shows net profit of $1.1B.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$6.0B$6.8B$7.0B$7.1B$6.7B$7.9B$7.8B$7.7B$7.7B$8.1B
Operating Expenses$5.3B$6.0B$6.1B$6.2B$5.8B$6.6B$6.6B$6.5B$6.5B$6.7B
Operating Profit$709.0M$807.0M$843.0M$975.0M$933.0M$1.3B$1.3B$1.2B$1.2B$1.4B
Operating Margin11.7%11.8%12.1%13.7%14.0%16.2%16.3%15.9%15.6%17.0%
Other Income$-24.0M$69.0M$-118.0M$-132.0M$-91.0M$119.0M$-89.0M$-96.0M$551.0M$1.0M
Interest$136.0M$145.0M$131.0M$126.0M$112.0M$106.0M$116.0M$131.0M$131.0M$110.0M
Depreciation$250.0M$283.0M$283.0M$272.0M$279.0M$290.0M$296.0M$305.0M$338.0M$380.0M
Profit Before Tax$685.0M$876.0M$725.0M$843.0M$842.0M$1.4B$1.2B$1.1B$1.8B$1.4B
Tax$26.7M$14.8M$18.5M$19.6M$18.8M$19.8M$16.8M$15.9M$20.3M$20.1M
Net Profit$509.0M$812.0M$570.0M$678.0M$683.0M$1.1B$1.1B$1.1B$2.7B$1.1B
EPS$3.25$5.15$3.75$4.61$4.70$7.74$7.42$7.52$19.45$7.92
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$2.0B$2.1B$1.9B$1.9B$2.0B$1.9B$1.9B$2.0B$2.1B$2.1B$2.1B$2.2B
Operating Expenses$1.6B$1.8B$1.6B$1.6B$1.6B$1.6B$1.6B$1.7B$1.7B$1.8B$1.7B$1.8B
Operating Profit$337.0M$354.0M$254.0M$323.0M$334.0M$295.0M$296.0M$355.0M$377.0M$345.0M$306.0M$392.0M
Operating Margin17.2%16.8%13.5%16.6%16.8%15.3%15.9%17.3%18.1%16.4%14.9%17.9%
Interest$32.0M$31.0M$36.0M$32.0M$34.0M$28.0M$28.0M$27.0M$27.0M$28.0M$30.0M$29.0M
Profit Before Tax$318.0M$329.0M$760.0M$307.0M$386.0M$304.0M$295.0M$352.0M$386.0M$341.0M$299.0M$388.0M
Tax$17.7M$10.0M$20.7M$19.8M$19.0M$21.5M$19.0M$20.4M$21.5M$19.3M$20.1M$19.4M
Net Profit$290.0M$296.0M$632.0M$282.0M$347.0M$1.4B$231.0M$279.0M$302.0M$282.0M$238.0M$312.0M
EPS$2.06$2.11$4.52$2.04$2.51$10.38$1.67$2.02$2.19$2.04$1.75$2.30

Over the 10 years reported for Dover Corporation, borrowings increased from $3.6B in 2016 to $3.8B in 2025, cash stood at $1.7B in the latest year, shareholders' equity was $260.0M, current assets covered current liabilities 1.79 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$10.1B$10.7B$8.4B$8.7B$9.2B$10.4B$10.9B$11.3B$12.5B$13.4B
Current Assets$2.6B$2.8B$2.5B$2.5B$2.6B$3.1B$3.4B$3.4B$4.5B$4.5B
Cash$349.0M$754.0M$396.0M$397.0M$513.0M$386.0M$381.0M$399.0M$1.8B$1.7B
Inventory$870.0M$677.0M$749.0M$806.0M$836.0M$1.2B$1.4B$1.2B$1.1B$1.3B
Receivables$1.3B$1.2B$1.2B$1.2B$1.1B$1.4B$1.5B$1.4B$1.4B$1.4B
Fixed Assets$946.0M$788.0M$806.0M$842.0M$897.0M$957.0M$1.0B$1.0B$988.0M$1.1B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$0$0$0$0
Other Assets$4.6B$3.7B$3.7B$3.8B$4.1B$4.6B$4.7B$4.9B$4.9B$5.4B
Total Liabilities$6.3B$6.3B$5.6B$5.6B$5.8B$6.2B$6.6B$6.2B$5.6B$6.0B
Current Liabilities$1.9B$2.3B$1.8B$1.8B$1.9B$2.3B$2.8B$2.4B$2.2B$2.5B
Borrowings$3.6B$3.6B$3.2B$3.2B$3.3B$3.3B$3.9B$3.7B$3.2B$3.8B
Other Liabilities$2.7B$2.7B$2.4B$2.4B$2.5B$2.9B$2.7B$2.6B$2.4B$2.2B
Equity$257.0M$257.0M$258.0M$259.0M$259.0M$259.0M$260.0M$260.0M$260.0M$260.0M
Reserves$3.8B$4.4B$2.8B$3.0B$3.4B$4.2B$4.3B$5.1B$7.0B$7.4B

For Dover Corporation, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $1.1B; free cash flow was positive in 10 of 10 years; financing activities used $1.1B in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$862.0M$836.0M$789.0M$945.0M$1.1B$1.1B$806.0M$1.3B$748.0M$1.3B
Investing Cash Flow$-1.7B$-8.0M$-440.0M$-571.0M$-647.0M$-1.2B$-762.0M$-919.0M$1.8B$-1.1B
Financing Cash Flow$-16.0M$-128.0M$-254.0M$-183.0M$-137.0M$-68.0M$-603.0M$-16.0M$-521.0M$-1.1B
Net Cash Flow$-13.0M$405.0M$-358.0M$1.0M$116.0M$-128.0M$-5.0M$35.0M$1.4B$-168.0M
Free Cash Flow$697.0M$666.0M$618.0M$759.0M$939.0M$944.0M$585.0M$1.1B$581.0M$1.1B

Valuation & Return Ratios

MetricValue
PEG Ratio-0.45
EV / EBITDA14.85
FCF Yield4.66%
Quick Ratio1.41
Interest Coverage12.46
Return 1Y10.24%
Return 3Y54.52%
Return 5Y23.05%

Dover Corporation (DOV) financials — frequently asked questions

What is Dover Corporation's annual revenue?

Dover Corporation (DOV) reported annual revenue of $8.1B in its most recent fiscal year.

What is Dover Corporation's net profit?

Dover Corporation (DOV) reported net profit of $1.1B in its most recent fiscal year.

What is DOV EV/EBITDA?

Dover Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is 14.85.

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